The Making of the Next Global CrisisBook - 2011
Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008. Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue.--Jacket.
Publisher: New York : Portfolio/Penguin, c2011
Branch Call Number: 332.4 RIC
Characteristics: xv, 288 p. ; 24 cm
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